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Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets

by John L. Person
Book cover: Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures

In his first book, A Complete Guide to Technical Trading Tactics, John Person introduced Forex traders to the concept of integrating candlestick charting with pivot point analysis. Now, in Candlestick and Pivot Point Trading Triggers, he goes a step further and explains you how to plan your own triggers and setups – in the Forex, stock, and futures markets – based on a moving average approach.


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Filled with detailed expert advice and insights, this exhaustive guide:

»Examines the methodology of pivot point analysis and how it can be applied to various markets

»Shows you why you should rely on price rather than indicators and what to look for when reading candlestick charts

»Discusses how to find certain setups and explains what triggers a call to trading action

»Illustrates the different types of stop orders, including where and when to place them

»Explains how back testing your methods can help clarify the weaknesses and strengths of your system

The author also fully discloses some of his proprietary setups, such as the jack hammer pattern, the low close doji, and the high close doji, complete with rules on the exits and entries to help you identify high probability trades.

With the tools and techniques outlined in this book you will be able to put together a trading plan that helps you yield earnings.

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Warning: Forex trading is not suitable for all investors and involves significant risk of loss.

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